Why Goldman is focusing on equity research

There has long been a perception that Goldman Sachs isn't very focused on equity research. But Goldman's co-heads of Asian equity research say this perception is totally outdated, and the firm will cover 475 Asian stocks by year end.

Goldman's co-heads of equity research, Paul Bernard and Joseph Lee discuss recent trends in Asian equity research and why Goldman now thinks it has one of the biggest equity research platforms in the region - and is about to start recruiting analysts in India.

At one point it looked like Eliot Spitzer had turned equity research into a sunset industry. However, in recent months there seems to be a lot of hiring. Is Asian research on the uptick again